Crypto Contest April 28: Syscoin

Syscoin (SYSUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Syscoin began a wave one advance on October 9, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 13 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, Syscoin should be heading next towards the January 13 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Looking at the weekly chart, I believe Syscoin is currently in the red wave three (blue sub-wave iii). The red wave three began on October 9, 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Syscoin claims to be the first cryptocurrency to provide the world's first decentralized marketplace. Koreanjewtrading published a video two days ago about Syscoin and what is coming in few days.

(Sources: http://syscoin.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Syscoin will takeout the January 13 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Syscoin will drop below the April 1 low".

If you think Syscoin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Syscoin will stay in a trading range between the April 1 low and the January 13 peak until June 3".

You can upvote the comment until 3 PM EST May 1 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.